Economics can be approached from two fundamentally different, but interwoven angles, macroeconomics and microeconomics.

Think of macroeconomics as the big picture view of the economy.

It's like looking at the economy from space, seeing everything from high above.

We look at how the whole country's economy is doing, what's happening with the world's money and how different country's economies shake hands with each other.

When we talk about macroeconomics in the market, we are trying to get a handle on those big numbers that tell us how healthy the economy is.

Things like GDP, inflation and how many people have jobs.

These big numbers are like the economy's pulse, and they help the people in charge make decisions that can make or break the value of things like stocks and bonds.

Then there's microeconomics.

This is the opposite of looking at the economy from space.

It's like looking at it with a magnifying glass.

It's all about the choices that you and I, families and businesses make every single day, like what we're going to buy with our cash, how families make sure they can pay for everything they need, and how businesses plan to make and sell stuff.

These choices might seem small on their own, but when you add them all up, they have a big impact on how the economy moves.